Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management named JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: JEPQ) as her final trade.
Kevin Simpson of Capital Wealth Planning said Marathon Petroleum Corporation (NYSE: MPC) will benefit from record global consumption of oil.
Marathon Petroleum reported better-than-expected fourth-quarter financial results. Revenue and other income of $36.82 billion, beating the consensus of $35.25 billion. Adjusted EPS for the quarter was $3.98, above the consensus of $2.20.
Don’t forget to check out our premarket coverage here
Jim Lebenthal of Cerity Partners picked iShares Russell 2000 ETF (NYSE: IWM).
Jason Snipe of Odyssey Capital Advisors named Caterpillar Inc. (NYSE: CAT) as his final trade. The Irving, Texas-based manufacturer posted better-than-expected earnings for its fourth quarter — an increase of 3% year-over-year to $17.07 billion, versus the consensus of $17.11 billion. CAT’s adjusted earnings of $5.23 per share, compared to $3.86 a year ago, topped the consensus of $4.75.
JPMorgan, Baird, Goldman Sachs and Wells Fargo each raised their price targets on the stock following the release of quarterly earnings.
Price Action:
- JPMorgan Nasdaq Equity Premium Income ETF gained 0.4% on Friday.
- Marathon Petroleum gained 0.2% to close at $169.97 during Friday’s session.
- iShares Russell 2000 ETF rose 1.6% during Friday’s session.
- Caterpillar shares fell 1.5% to close at $317.16 during the same session.
Image: Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read the original article on Benzinga